Show JAPANESE TRADE POLICY the foreign trade policy of the jap anesa government was sketched by mr ir thornas thomas F millard in an inter letter in the chicago amerl ameri can the ambitious aim of the men who are now governing japan Is to recognize the orient industrially and make japan the dominant domi nent industrial power supplying the teeming myriads of eastern asia arda with most of the manufactures they need the proposition is to make japan another england importing raw materials it does not produce and coining wealth by converting them into goods for export this Is 19 a legitimate ambition and if it were realized tho the earning capacity of the country limited now would be greatly increased national wealth would be so augmented that it would bo be possible to stand the wear k and tear of another w war ar at this moment that would be practically impossible the increase of earnings in the last ten years has been 30 per cent and that of ta taxation Kation per cent nearly half tho the earnings of the lower class japanese are taken by the tax gatherer war would add to a burden of taxation which is now almost unendurable it Is essential for japan to make money by selling goods instead of leaving that to private initiative the government has taren taken the matter in hand li it Is anxious to make japan the producer pro duper of cotton goods for the orient so it has subsidized cotton mills it has hag organized a trust for the marketing of the product and provides cheap rates of transportation on lines controlled by the government duties on cotton cloths claths sent to manchuria are rebated they are carried into tho the interior at reduced rates by railroads under tinder japanese con troland are sold by japanese shopkeepers who do not have to pay local taxes it ld Is not surprising that american cotton spinners are losing trade in manchuria the government has subsidized trev several industries and given them artificial prosperity in the hope of attracting tr foreign capital it has monopolized several 1 industries indu which seemed particularly profitable it is doing all it c canby legitimate and illegitimate means to build up lip trade magnificent results may be secured it china IE content to occupy the subsidiary position of a purveyor pirvey or of many maicy raw MAter materials fald for japan and a consumer of JaDa japanese neso goods if japan handicapped by the paucity of natural resources cannot make an industrial conquest of 0 china and cannot overcome come the competition of american and european rivals who were in business long before it was it will have to remd remain in a comparatively P poor nation I 1 A war altha nation able to put up its bands against japan would inter I 1 I 1 fore with a policy which must bo be followed patiently and persistently to secure results A war would mean ti a chock check to national industry a wasteful diversion of men from producing and trading to fighting it would necessitate adoth another 0 r for foreign el g U loan which it might bo be hard to get if japan shall beco mothe methe master of the markets of eastern asia by virtue of becoming the supreme manufacture ing nation of the orient irmay derive derev pleasure and possibly profit froma from a future war it cannot at this time carry on simultaneously a war ami an d the elaborate trade campaign camp alp M in which I 1 it is now engaged 1 1 1 |